Optical Names Stage Rally As Oclaro Impresses

Oclaro, Inc. OCLR rocketed 17 percent Thursday morning following strong second-quarter outlook — and optical peers enjoyed concurrent boosts.

Late Wednesday, Oclaro reported preliminary revenue surpassing estimates by at least $3 million and an operating income exceeding guidance by between $10 million and $14 million.

This posting appeared to bolster investor optimism in the optical space. As of this report:

  • Finisar Corporation FNSR is up 5.7 percent.
  • Lumentum Holdings Inc LITE is up 2.9 percent after an initial 5-percent surge.
  • NeoPhotonics Corp NPTN lies 2.4-percent up after an early 3.5-percent spike.
  • Acacia Communications, Inc. ACIA rests 3.6 percent higher on the day.

These peer corporations will post financial results at staggered intervals in the coming months.

Lumentum will report its second-quarter earnings February 7, Finisar and Acacia are expected to release third-quarter figures the following week and NeoPhonetics will submit annual filings in mid-March.

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Posted In: EarningsNewsGuidancePreviewsMoversTrading Ideas
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